Exploring the Types of Business Collaboration (+Examples)

Exploring the Types of Business Collaboration (+Examples)

Collaborating with other businesses can provide access to new resources and innovative ideas, enhance market reach, and streamline project delivery. There are different types of business collaborations including network collaborations, strategic alliances, community collaborations, coopetition, ecosystems, and portfolio collaborations. To choose the best type of collaboration, businesses need to establish well-defined goals, assess the strengths and weaknesses of each other, understand the outcomes, and determine if their products, services, cultures, and decision-making tendencies align. Simple examples of business collaborations include cross-promotion, cloud collaboration, and co-hosting/sponsoring events.

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More Innovation Resources:

La Mobilière: Shaping the Future With Trend Monitoring

La Mobilière: Shaping the Future With Trend Monitoring

Maren Kottler, Head of Innovation Management at La Mobilière, discusses trend monitoring and foresight strategy, revealing how it works and why it is essential for creating a successful future for the Swiss insurance company.

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Why Your Innovation Team Will Quit on You 3 Years In

Innovation programs often fail after three years due to a lack of defined roles, talent gaps, and strategic alignment. Companies need to recognize innovation as a core capability and establish clear opportunities for advancement.

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The Five Factors That Drive Digital Innovation

The Five Factors That Drive Digital Innovation

Innovation is crucial for any long-term business success. Digital organizations need highly creative working environments to solve problems and drive business potential through five main factors: dissatisfaction, simplification, diversification, amplification, and exemplification.

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